Acreage Holdings ACRGF

I share ur disappointment

[geodcan]

but haven't lost sight of the fact that Canopy Growth chose Acreage Holdings for having the pieces that it deems essential for US expansion and world domination.  Reality is that all the players got over-excited and overpaid for the action.  Fundamentals kicked in, prices of everything marijuana got hammered as normal business fundamental analysis prevailed over irrational exuberance in pricing.  Canopy could have walked from the deal and written off the $300 million or they could renegotiate, which they did and which proves that they have their finger on the pulse of what is going on.  A lot of Acreage shareholders are under water right now but the new deal still has merit.  Acreage is under new management and closing down liabilities and money losers and picking up more lucrative assets.  They are getting Canopy brands on shelves and made mention several times about beverages, which are a favourite product style of mine and I also see the profit potential from beverages.  Canadians are paying up to $10 a can for infused beverages and they can't keep 'em on the shelves.  That is high profit and drinking a beverage is much nicer than choking and toking down flower and oils.  Canopy has a push on to get beverages on shelves through Acreage and its brick and mortar retailers and dispensaries.  Canopy knew they needed to move but are hogtied as to what they can do in the US, so they figured out a way and I am sure gave direction to Acreage to be one of the largest MSOs and that happened.  There are a lot of players waiting for the triggering event to take place to launch the US greenrush and get already formulated products on shelves in the US marketplace.  Maybe as soon as the presidential election or some kind of immunity for greenrush investors.  The cracks are showing in the Fed interference plan as smart US and International players are figuring out the loopholes to allow this to breakout.  Taking the criminality out of it and allowing eager US investors to participate and be shareholders and financiers is going to be huge and create exictement as it did in Canada.  Canopy saw the future and has moved towards it with Acreage being a critical part and all that is left is to assume the shares and hopefully the floating shares will hold some value for those of us that are holders of them.  Acreage was an expensive build but critical and moving towards better times.  Canopy still has a deal when they could have queered it.  Takeovers and consolidations are becoming the norm for marijuana hopefuls and Canopy launched and built out the dream and continue to do so.  The team at the tiller is there to lean this out and make it profitable and the US is a gamechanger.  glta and dyodd